Giving this kind of gift "depends on your relationship with the person and whether or not there is some context for why a financial gift would be appropriate,” says Farnoosh Torabi, Financial Expert and Host of the Podcast So MoneyOpens in New Window. For example, is this going to your best friend who is struggling to pay off her student loans or a coworker you just met?
Once you determine who
you’re selecting for, you must figure out what would best benefit them because
the "gifts are only as valuable as the gift-recipient makes them out to be,”
Ideas to consider:
A book that offers
advice or strategies is a great gift for a friend struggling with a few
financial problems, like debt or asking for a raise. You can even include a note detailing why you
think it can help them succeed financially so it is more personal.
Giving a gift card that
will support a big financial goal is also a good option. If your parents are
redoing the kitchen, give them a Home Depot gift card. If your sibling is
struggling with food expenses, send over a gift card from their local grocery
If a loved one needs help with setting a
budget (and has confided in you their frustration with this), buy them a year’s
access to a budgeting
A financial planning session is
a great gift for a recent college graduate or young adult who is beginning to
build their financial foundation.
and nephew are getting older, and their parents are stressed about paying for
college. Instead of a new outfit or piece of technology, contribute to
their 529 accounts for
the holidays. It may land with a thud now, but they’ll be super grateful when
they graduate debt-free.
If you are
giving a gift to a teen or a young adult, an SAT prep course or
a GMAT review session could
be a great gift. A few points can mean
the difference between a full and partial scholarship. This could really help
get them ready for taking that next step in their education and position them
for paying better jobs in the future.”
— No matter what stage of life you’re in, your credit union can make the ride a little smoother. —
There’s a first time for everything, but that doesn’t mean you have to go unprepared. Here are a few firsts Securityplus can help you with.
So you’re ready to make one of the biggest commitments of your life? We’re experts at financing the big day expenses — and beyond.
No matter how much you plan, things can still go wrong. During times of unexpected hardship, your credit union is still willing to help.
Whether a new baby or a new pet, a growing family means growing expenses. We can help you prepare for those changes in your budget.
Whether you're looking to vacation or you're relocating, Securityplus wants to make sure finances don't stand in your way.
You've spent most of your life preparing to retire. We can help ensure that you are financially equipped to do so comfortably.